35-CERT 1 ccpcsec.txt FILE NO. 070-7018 CONESVILLE COAL PREPARATION COMPANY QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 23463 BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2003 CONTENTS Page Statements of Income 1 Balance Sheets 2 Statements of Quantities of Coal Processed and Customer Billings for Coal Washing Services 3 Statements of Cost of Operation 4 Price Per Ton of Coal Deliveries 5 CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF INCOME BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2003 (UNAUDITED)
Three Month Ended Months ------------------------------------ Ended April 30, May 31, June 30, June 30, 2003 2003 2003 2003 --------- ------- -------- -------- (in thousands) OPERATING REVENUES - Services to Parent . . . . . . . $891 $781 $951 $2,623 COST OF OPERATION. . . . . . . . . 914 775 949 2,638 ---- ---- ---- ------ OPERATING INCOME (LOSS). . . . . . (23) 6 2 (15) NONOPERATING INCOME. . . . . . . . 31 2 3 36 ---- ---- ---- ------ INCOME BEFORE FEDERAL INCOME TAXES . . . . . . . . . . 8 8 5 21 INTEREST CHARGES (CREDIT). . . . . - - (4) (4) FEDERAL INCOME TAXES . . . . . . . 2 2 3 7 ---- ---- ---- ------ NET INCOME . . . . . . . . . . . . $ 6 $ 6 $ 6 $ 18 ==== ==== ==== ====== The common stock of the Company is wholly owned by Columbus Southern Power Company.
CONESVILLE COAL PREPARATION COMPANY BALANCE SHEETS BY MONTH-END, FOR THE QUARTER ENDED JUNE 30, 2003 (UNAUDITED)
April 30, May 31, June 30, 2003 2003 2003 --------- ------- -------- (in thousands) ASSETS MINING PLANT: Mining Plant in Service . . . . . . . . . . . $1,807 $1,808 $1,788 Accumulated Amortization. . . . . . . . . . . 1,469 1,473 1,484 ------ ------ ------ NET MINING PLANT . . . . . . . . . . . 338 335 304 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . . . 132 128 122 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . 4 4 2 Accounts Receivable: General . . . . . . . . . . . . . . . . . . 26 24 24 Affiliated Companies. . . . . . . . . . . . 891 781 951 Advances to Affiliates. . . . . . . . . . . . 2,221 2,239 2,129 Materials and Supplies. . . . . . . . . . . . 1,427 1,442 1,469 Other . . . . . . . . . . . . . . . . . . . . 40 37 34 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . . . 4,609 4,527 4,609 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . . . 1,798 1,802 1,843 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . . . 88 44 15 ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . $6,965 $6,836 $6,893 ====== ====== ====== CAPITALIZATION AND LIABILITIES SHAREHOLDER'S EQUITY: Common Stock - Par Value $1,000: Authorized - 500 Shares Outstanding - 100 Shares. . . . . . . . . . $ 100 $ 100 $ 100 Accumulated Other Comprehensive Loss. . . . . (106) (106) (106) Paid-in Capital . . . . . . . . . . . . . . . 400 400 400 Retained Earnings . . . . . . . . . . . . . . 1,193 1,199 1,205 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . . . 1,587 1,593 1,599 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . . . 3,394 3,450 3,505 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . . . 65 127 84 Affiliated Companies. . . . . . . . . . . . 174 53 46 Taxes Accrued. . . . . . . . . . . . . . . . 279 291 132 Other . . . . . . . . . . . . . . . . . . . . 820 352 337 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . . . 1,338 823 599 ------ ------ ------ REGULATORY LIABILITIES & DEFERRED CREDITS . . . 646 970 1,190 ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . $6,965 $6,836 $6,893 ====== ====== ======
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF QUANTITIES OF COAL PROCESSED AND CUSTOMER BILLINGS FOR COAL WASHING SERVICES BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2003
Services Rendered to Columbus Southern Raw Clean Power Company's Coal Coal Conesville Plant* Input Rejects Output Unit Price Amount ---------------- ------- ------- ------ ---------- ------ (Month/Year) (tons) (tons) (tons) (per ton) (000) April 2003. . . . . . . . . . 245,694 32,193 213,501 $4.17 $891 ======= ====== ======= ===== ==== May 2003. . . . . . . . . . . 244,598 41,098 203,500 $3.84 $781 ======= ====== ======= ===== ==== June 2003 . . . . . . . . . . 287,920 33,462 254,458 $3.74 $951 ======= ====== ======= ===== ==== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2003
Three Months April May June Ended 2003 2003 2003 6/30/03 ----- ---- ---- ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . . . $ 168 $ (174) $ 217 $ 211 Benefits-UMW* . . . . . . . . . . . . . . . . 115 150 120 385 Operating Materials . . . . . . . . . . . . . 36 6 3 45 Maintenance - Materials and Services. . . . . 75 159 73 307 Electricity . . . . . . . . . . . . . . . . . 68 55 49 172 Other Billed Services . . . . . . . . . . . . 47 19 52 118 Taxes Other Than Income Tax . . . . . . . . . 15 16 16 47 Rentals . . . . . . . . . . . . . . . . . . . 199 203 184 586 Depreciation. . . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization** . . . . . . . . 143 324 220 687 Other . . . . . . . . . . . . . . . . . . . . 46 15 13 74 ------ ------- ----- ------- Total . . . . . . . . . . . . . . . $ 914 $ 775 $ 949 $ 2,638 ====== ======= ===== ======= * United Mine Workers of America. ** Represents the deferral/accrual required to establish revenue based on forecasted results for the remainder of the year. The amount of cleaning cost normalization is established on an "overall" company basis (i.e., not itemized) and is eliminated by year-end.
COLUMBUS SOUTHERN POWER COMPANY PRICE PER TON OF COAL DELIVERIES BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2003
April May June 2003 2003 2003 ----- ---- ---- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . . . $34.04 * $35.15 * $32.71 * ====== ====== ====== Notes: (a) Coal cleaned by Conesville Coal Preparation Plant and delivered to Columbus Southern Power's Conesville Generating Plant. These deliveries of clean coal will normally consist of coal cleaned from beginning inventory as well as current month deliveries. * Average price per ton.